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Electronics

Fired exec says Japan Display committed accounting fraud

Allegation comes amid $5m embezzlement scandal

Japan Display's LCD panels: The company has opened an investigation to follow up on the assertions of accounting improprieties.

TOKYO -- The executive dismissed by Japan Display for embezzlement now claims that the struggling Apple supplier engaged in improper accounting under orders from senior management.

Japan Display, or JDI, said last week that the accounting executive defrauded the company out of 578 million yen ($5.3 million). JDI terminated the employee in December 2018 and filed a criminal complaint.

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